There are many positive aspects of Social Security. However, The Motley Fool points out that not everything is great with the program.
A few of the more surprising aspects of Social Security include:
- Benefits have limited buying power that has been on the decline for years.
- An individual’s benefits could be subject to taxes.
- If an individual earns too much additional income benefits can be withheld.
These three aspects of Social Security can make it difficult for senior citizens to feel financially secure during retirement. That’s why we at Senior Security Alliance are urging the members of Congress to pass our groundbreaking bill now.
This legislation protects seniors, allowing them to achieve more financial security without the additional taxation and benefit cuts that have been known to follow. For more information, or to help, go to our page here.
